Published
Nov 2, 2018
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Marico Q2 net up 18 percent to Rs 218 crore

Published
Nov 2, 2018

FMCG firm Marico posted an 18 percent rise in consolidated net profit at Rs 218 crore (approx $29.8 million) for the second quarter ended September as compared to Rs 185 crore it had reported in the year-ago period.

Marico Q2 net up 18 percent to Rs 218 crore - Marcico


Its revenue from operations in the quarter under review stood at Rs 1,837 crore, compared with Rs 1,536 crore in the same period last year.
 
The company's FMCG business in the country achieved a turnover of Rs 1,439 crore, a growth of 20 percent over the same period last year, while the international business posted a constant currency growth of 11 percent backed by healthy growth across regions.

"In addition to the healthy topline and bottom-line growth, we are enthused by the distinctive new products launched during the quarter," Marico managing director and chief executive officer Saugata Gupta said in a statement.
 
"While we continue our efforts towards broad-basing the growth in the domestic business, the international business is also showing signs of a stable upturn. With the innovation engine revving up, we are committed to stepping up the investments behind building our brands and enhancing capabilities especially in the area of premiumisation and new channels," he said.
 
Marico is a leading Indian company in the beauty and wellness space. Its product portfolio includes hair care, skin care, health care, and male grooming.

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